* Delivered >$125MM of Cost Synergy
Savings; Cost Synergy
Run-Rate of $1.365B.
"Takeda is relentlessly executing towards our cost synergy
, de-leveraging, and margin targets.
"In this environment, we will maintain cost and operating discipline by continuing cost synergy
and stranded cost removal actions, by reducing our planned capital expenditures for the year from $2.5 billion to $2 billion, without sacrificing high-return growth projects, and by continuing with disciplined margin management.
The revised cost synergy
estimate is lower than the earlier estimate, as the closing was delayed from the original target and both parties have already executed some of the cost savings.
We expect our Underlying Core Earnings margin to reach the mid-twenties in fiscal 2019, and we are targeting Underlying Core Earnings margin in the mid-thirties in the medium term, driven by continued Opex efficiencies and relentless execution against our cost synergy
DowDuPont achieved cost synergy
savings of more than $500 million in the quarter, and since merger close has now delivered more than $1.8 billion of cumulative savings.
Etihad Airways also initiated a range of business and cost synergy
programs, covering fleet and engine acquisition, maintenance, recruitment and training, and joint marketing.
DG FastChannel said it sees cost synergy
effects of USD2m by the end of next year and that the transaction is part of its strategy to digitise the direct response sector.Country: USA, Sector: Advertising/PRTarget: Deal size in USD: 26mType: Corporate acquisitionStatus: Closed
The ratings would be affirmed if the risks balance or outweigh revenue and cost synergy
By the end of the year, the company had met its acquisition cost synergy
target one full year earlier than expected.
* The division achieved year-over-year cost synergy
savings of more than $125 million in thequarter and since merger close has now delivered nearly $1 billion of cumulative savings.The division exited the first quarter at a $1,365 billion annual cost synergy
Victory Capital also announced that it has increased cost synergy
estimates for the transaction from $110M to $120M.